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or not our political system, whether the leaders can get together, whether they can solve big problems or are they just going to kick the can? if you look at the statements of the rating agencies who have questioned the fiscal soundness of this country, it's about our political system, not being willing or able, seemingly, to take on big tasks. >> the president may be confident about a larger plan but senate minority leader mitch mcconnell, one of the key lawmakers involved in negotiations says he thinks a $4 trillion deal is off the table. >> everything they've told me and the speaker is that to get a big package would require big tax increases in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> after last night's white house meeting, house minority leader nancy pelosi said democrats are still hopeful for a large bipartisan agreement as long as it does not do harm to the middle class. and aides to john boehner says the speaker now believes the cuts outlined by vice president biden's bipartisan gro
. if a crisis can be averted. if democrats and republicans can come to an agreement on the big fight that has been frankly smothering american politics for weeks now. president obama announced earlier today that he wants to see a deal done by tomorrow on the big debt ceiling fight that has consumed every bit of oxygen in d.c. for the last few months. the president saying tonight that congressional leaders are on the clock. they have 24 to 36 hours to get a deal done. as planning a vote that the u.s. government should not default on our debt and shut down comes down to the wire, we are inching close enough to the edge here that two of the world's major credit rating agencies have warned that our national credit rating may be downgraded as a result of this standoff. the day that the u.s. would actually hit the debt ceiling and start going into default and shutting down is august 2. but this does not mean that we have until august 2 before we lose our national credit rating. that could just happen right now. because of the uncertainty and because of how long it is taking to get this done. right
months of the year. chief political correspondent carl cameron has the big dollar picture. >> president obama raised half a million dollars a day for the last three months. $58 million from a half a million donors in the second quarter. alongside $38 million raised by the democratic national committee, the $86 million haul shatters records. the republican national committee is targeting three swing states that is vulnerable. pennsylvania, michigan, wisconsin. they launched an attack ad with president obama's convention rhetoric and reality now. >> we measure progress by how many people can find a job. whether you can put tra money away at the end of even month to some day watch your child receive a college diploma. >> reporter: he leads every rival in the latest head-to-head matchup. among republicans, mitt romney is ahead of michele bachmann who leads a three-way race for second, including sarah palin and rick perry. no one else breaks double digits. the texas governor's plan for a day of prayer and fasting for nation's challenging at the houston astrodome and elsewhere august 6 are no
, requires some reforms to be strengthened. we are in big disagreement as to how to do it. >> that is an understatement. democrat favor tax hike within social security and medicare as well as increasing income taxes. budget committee chairman paul ryan argues part of the problem in medicare is the new healthcare law. which claims savings will materialize, and the chief actuary of medicare has the same concerns. >> there is a lot of evidence to suggest some of the payment provisions will not be sustainablsustainable in the lo. >> it pays providers including doctors lower and lower rates. foster says over time it will leave 40% of all providers in the red raising questions about whether they'll treat medicare patients. >> if at some point our payment rate to providers become less or significantly less to the cost of providing services, they either will be unwilling, or unable to continue providing services. >> last year, 51% of medicare's cost was taken out of the general revenue; meaning, half the cost of medicare was paid by borrowing money. which is why it's part of the d
. so just kind of a lot of extremes out there today in this weather pattern. the big, huge trough on the west coast, a little unusual for this time of year has got the marine influence along the coast, it's keeping everyone cool, even a few showers, while everyone else, this will be one of the hottest days of the year throughout much of the east. i put out our enhanced satellite. you can see where the trough is in here. and it continues to spin just off the coast. all of these clouds, you see them off the shoreline. at night they move in, they move along the coastline. they burn off hopefully by about mid day or so. you get some sunshine in the afternoon and it keeps things really cool. there's a lot of drizzle with the clouds, too. we have showers from portland northwards. it won't pour, just occasional showers, temperatures in the 60s. and there's the 66 in san francisco, where fingers crossed for a little bit of sun late in the day. that's not a promise. that's a look86 for your high. san jose, 73 for you. not a lot is going to change in the west, it's going do remain cool. if
>>> on the broadcast tonight, a deal. is it possible on big things like medicare, social security and taxes? there are rumblings out of washington tonight about actual cooperation. >>> sentencing day for casey anthony. the judge in her murder case seemed to be sending her a message. >>> is nothing safe the huge scandal over a newspaper hacking into people's electronics and now the equally big consequences. >>> and could it really be the end? has harry potter's final chapter actually arrived or could there be more? >>> plus here tonight for all those who remember penmanship, there's a new sign the handwriting may be on the wall. there's a new sign the handwriting may be on the wall. "nightly news" begins now. >>> good evening. it may go all the way back to their meeting on the golf course, for whatever reason, president obama and speaker of the house boehner have forged something of a relationship, while not the best of friends, they are dealing with each other across the enormous and venomous partisan divide that has divided washington to the point of paralysis. knowing a deadline
-old husband, smacking the attacker in the head. big jab. we'll have more on the man behind the pie all later in the show. by the way, in about an hour from now, the uk prime minister david minister, he's expected to speak in front of parliament hoping to stop further damage to the government from this scandal. so to get some of the latest on the investigation and a preview of what will happen in today's speech, martin flesher joins us live from london. there is an emergency session of parliament today, this has brought david cameron back into the country to be able to speak before the people there. what do we expect to hear? >> that's right, today's highlight, every day brings some dramatic development. today the star there will be david cameron. he actually called for the emergency session. he cut short a trip to africa to try to take control of this. he'll face a grilling, though. the key questions will be very significant questions for him. why did he hire a former news of the world editor despite warnings, how much did he know about the phone hacking investigation, when did he know it, a
% in the second quarter from a year ago. jpmorgan chase will be the first of the big banks to report on thursday. results from top tech player google are also expected thursday. also this week, investors will eye fresh economic data, starting with may's trade deficit on tuesday. also tuesday, minutes from the federal reserve's june meeting. wednesday, fed chairman ben bernanke delivers his biannual testimony to congress. retail sales and june's producer price index comes out thursday. and june's consumer price index is released friday. >>> elsewhere, precision cast parts says it has agreed to buy primus international for $900 million in cash. >>> reuters reports there's an emergency meeting in europe this morning over the debt crisis. they're now possibly spreading to italy. the region's third largest economy. friday italian stocks and bonds tumbled in a massive sell-off. >>> and finally, according to a new survey of college students and graduates, health insurance is the new love potion. 90% of surveyed students and 93% of recent grads said knowing a potential partner has health insurance would
at losses, big concerns over the solver debt crisis. report in a german newspaper is speculating that england may have to be included the bailout. so the european debt crisis is extending beyond grease, portugal and ireland and potentially italy. this is where we're looking at the european stock markets. off by more than 1% with the paris cac. reasons do with the greek debt crisis. a move away from the partial default. london ftse where banks are affected but not quite so badly as in germany and france up by about quarter of a percent and the losses are 2/3 of a percent for the seger smi. we'll have more of that coming up. >>> in terms of the currency markets, here we are, the main story here is that the euro remains under severe pressure, and i think that currency traders are talking in terms of the picture we've seen in recent weeks on the dollar coming to an end and that the dollar will remain in these kind of circumstances the safe haven currency. so looking at 1.5967. again, the pound under a lot of pressure. the euro, 1.4153 and 80.72. remarket stability for the yen dlafrmt
this big, grand compromise, the president and and congressional leaders need to negotiate to raise that limit. they're e manding 2 trillion in spending cuts be made to give the president the increase he wants and democrats demanding any deal to cut spending like that has to include an increase in tax revenue. the big question, going into tonight's meeting is whether a smaller deficit reduction n dea is possible. both sides are saying it can be done. failure to do it would lead to economic meltdown. >> jon, thank you very much. joining me to discuss the road ahead is the white house chief of staff bill daley. thank you very much for joining us. you've heard what jon said. you've seen what speaker boehner has done last night. what's your reaction to the deal being pulled right now? >> it's very unfortunate the speaker made the comments he has. the president is committtt to solving this deficit possible for the future of america. he's looking forward to the meeting to play out his case. he's saying, it is time now to make the tough decisions. in this town, generally they kick the can.
of a short term budget deal in the bud. calls leaders back to the white house. define big. a fresh new hampshire poll out find mitt romney holding strong. both in the primary and general but michelle bachmann has made big gains. is it time for republicans to start rally ago rounds a single candidate? some leaders think so. we'll ask the head of the republican party whether he agrees. and look at these pictures. it's a massive -- this is real. not special effects. 50 mile dust storm. it envelopes phoenix, arizona. downed trees. delayed flights. cut off power to thousands. not rain, folks. dust. wednesday, july 6, 2011. i'm chuck todd. let me get to my first reads of the morning. the idea of a short term debt deal gaining momentum in the senate. president nipped that talk in the bud. >> heard reports that there may be some in congress who want to do just enough to make sure that america avoid defaulting on our debt in the short term but then wants to kick the can down the road when it comes to solving the larger problem of our deficit. i don't share that view. >> the president's public s
>>> live and in hd, this is abc7 news at 6 on your side. >>> are big story will sound familiar. >> we are facing a major heat wave and temperatures are going nowhere but up. people were doing their best to deal with the warm temperatures. if you think it is hot today brace yourself. >> a look at where we are and where we are headed. >> today's heat is nothing compared to what we're going to get later this week. is that right? >> it is a little bit of a warm- up. temperatures will be excessive. i will give the the latest. check out our current temperatures. right around the 90-degree mark. humidity levels are up there as well. what is not quite so typical is the extended periods of high heat and humidity. oklahoma city, 100 degrees. the heat index is 115 in omaha. it feels like 113 in minneapolis. a couple of isolated showers later tonight and tomorrow. a lot more on this heat and a few minutes. >>> we are not the only ones locked in mother nature's oven. the scorching temperatures hit most of the midwest. 15 states are under heat advisories and warnings. nearly 40 states will s
, state police, patrols or staffing at nursing and veterans homes. it affects roads, it's a big hassle for campers, they've got to leave state parks on this fourth of july weekend. >>> and the nba's collective bargaining agreement ran out. making it the second major sports organization to lead a lockout. the league said lost $300 million last season. so owners want to reduce players' salaries. the sides are so far apart on this that industry insiders say the entire 2011-2012 season is in jeopardy. i'll have more with "sports illustrated" later on in the show. >>> prosecutors in the casey anthony trial can call rebuttal witnesses after the defense rested without put herring on the stand. cnn has obtained home video of anthony as a young girl in 1991. here she is as a friend's birthday party. >> happy birthday, my name is casey. >> what do you think, casey, i didn't get you. >> happy birthday. happy birthday, my name's casey. >> the woman who claims she had an affair with casey's father was on the stand yesterday. here's what she says, george anthony, the father told her about caylee ant
the hacking happened. it is a big acts, but i do not think it solves the real issue and news international. >> i am satisfied that rebecca -- her leadership in the business and her standard of ethics, her standard of conduct throughout her career are very good. >> with big consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policem
temperature. and when you pile on the humidity, it's a huge difference maker. the big question people have is, when is this going to end? when can we expect some relief? the changes are going to come. we're going to see a lot of the temperatures begin to revert back to where they should be this time of year, into the 70s, the 80s, and some places in the 90s. but that's going to feel better than what you're going to get today. 99 will be your high, expected in new york today. 98 in boston. 102 in our nation's capital. 90s in chicago, back into kansas city, 100 in dallas. and the heat continues into the front range of rockies, the central rockies, and even back to the great basin. the big changes we're going to see, from the highs in the 100s and upper 90s, will come from the big dome of high pressure we've had, that's been over at least half the nation. we'll see this big ridge begin to break down. and when it breaks down, it will create a void, and then a frontal boundary will replace it. it's not going to be frigid, but it will take an edge off that heat in places like boston, chicago, and p
hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised. through whatever mechmisms they can think about. >> reporter: the presidentthed come up with a plan to cut the deficit to reassure the market. with the world's three main credit agencies reviewing american's rating the downgrade would mean higher mortgage interest rate and higher loan on auto loan and credit card. >> which would be a tax increase on everybody. >> reporter: mr. obama said he put cut in social secu
's here to dish on the debt and deal in taxes. and big money, big problems? mitt romney's campaign is debt free, but where is all that money coming from? we'll tell you why it could add up to a little bit of trouble for the republican front-runner. good morning, it's monday, july 18th, 2011. i'm chuck todd. just 15 days until default day. let's get right to my first reads of the morning. it's a week of public spectacle and private wrangling. efforts to get a big debt deal done has failed. >> when you look in the past at agreements between divided government, it's taken leadership on both sides. it took reagan and o'neil. it took clinton and gingrich. the president is out there. he's willing to do it. he said it in the state of the union, he said it in the budget. the question is, do we have a partner to work with? and i hope the answer to that is yes. >> this week we'll see a two-track process. publicly, leaders will get a few votes out of the way to allow conservatives to get on the record on a balanced budget amendment and set the table that nothing besides the final deal can pass. meanw
's gun and fragments hit his hip. it was a big gun, it could have wiped us all out. >> you don't feel safe any more. >> reporter: he was not linked to the original call for help. he saw this as a opportunity to strike. >> he had some large hatred towards the police officers. what we know is that he was incredibly mad at the police department. >> reporter: his exgirlfriend says he's in the u.s. army, stationed in kansas and he recently returned to baltimore. the police tracked him down thursday. they found pieces of the rifle in his car and house. >> reporter: he's awaiting a bail review. >> the officer is home from being treated at shock trauma. >>> your next trip from expedia and more sites could cost more. you could be taxed on the full price of the hotel room, instead of the half price you pay. >>> the industry is going to pay on the cut, cap and balance deal. it's not expected to pass. don't forget, the president is going to be at the university of college park for a town hall meeting. vic carter will be there, too. >>> a game changing day at the pentagon. they'll talk about the r
, no. now's the time to go big. get thing done for good. here he was, the president just this morning. >> i will not sign a 30 day or a 60 day or a 90-day extension. that's not an septemberabaccept approach. if it's hard now, how are the guys going to be thinking six months from now in the middle of an election season when they're all up. it's not going to get easier, it's going to get harder. we might as well do it now. pull off the band aid, eat our peas. now's the time to do it. if not now, when? >> brianna at the white house. bring us up to date. are the high stakes talks happening right this very second? >> as we understand it, brooke, these meetings continue here at the white house. president obama with top democrats and republicans in congress. you heard the tone that the president was striking there, like a parent trying to get two kids to share. he's been saying he's bending over backwards, giving up a lot and republicans are not. of course, that is his side of the story. if you were to think of him, he has a favorite child in all of this, right? the democrats. that's his par
house correspondent, and from cnn money. go big or go home. what is the republican push back? >> reporter: we're going to be finding out very shortly because house speaker john boehner will take to the cameras at 1:30 eastern essentially in the rebuttal to the news conference from the president earlier today. but the push back for republicans has been tax increases. you have republicans who have insisted on no tax increases, and democrats that insisted if there will be spending cuts, to achieve trillions of dollars in deficit savings. they don't want to abandon -- if there are going to be cuts to programs that are huge, they want to be able to say we pushed for sacrifices from wealthy americans and corporations. they are trying to strike kind of a just right agreement. because on one hand, you have a lot of republicans, and many of them who were swept into power in the last election saying we're going to cut spending and make government smaller, so the idea of tax increases, and certainly this is something a lot of them literally pledged they will not do, randi, it would forc
in my book, they are too big, too corrupt, too destructive, too powerful. here in the u.s., there are basically five media companies that own almost all media. and in the uk, it's no different. rupert murdoch and his company simply had too much power. that's why we're seeing high ranking people, even prime ministers, even the head of scotland yard, tied up with this. they had so much power, they had to be kowtowed too. >> lisa bloom, we appreciate that. thank you very much. >> thank you. >>> this scandal is reaching deep now into rupert murdoch's inner circle, and you can be sure that the man at the top is feeling the pressure. murdoch has ads running in seven british papers through monday saying, quote, we are sorry for the phone hacking scandal at the "news of the world." the popular tabloid he just shut down. and here's what he said in his own words. the scandal is widening to another murdoch paper, "the sunday times," and now even the fbi is opening an investigation. the allegations, hacking the personal phones of public figures, and the not so public, from murder vi
of different ways. by the way, this is no big secret, it's not like i'm telling you something other people can't figure out very easily. but if you have one phone call another phone it creates a busy line. if you use a third phone to call in, it goes directly to the voice mail and if you don't have a pin, it's very easy to get somebody's voice mail. >> we talked about at&t. how vulnerable are they to getting hacked and do we need to make pin numbers mandatory in order to keep all of our phones safe? >> i think that's something to think about. right now the onus is on the consumer, it's on us to be proactive with our mobile devices to put that pin on there. you think of your smartphone these days. it's really like a small laptop. in my face it's almost as big as a laptop. but you store so much personal information on there that really the companies should be doing more for users, i would say, because they're such an extension of ourselves. because there's such critical information on there. you know, i don't want to single out at&t too much because all of the wireless carriers are aware that th
to tucker good morning. >> good morning steve that is big news. i don't know what to make of it. >> do i need to console you. >> i am not sure clouds on the increase, storms to the south and west, partly to mostly cloudy day, temperatures expected to be in the 90s. a shower or two later this afternoon. cloud cover off to the north partly sunny morning here in the immediate washington area. notice pittsburgh, portions of ohio, shower and thunderstorm activity, possible some of that could slip in during the course to have day with the cloud cover temperatures will be held back a little bit yesterday we were thinking mid-90s now we are thinking low to mid-90s temperatures a few degrees cooler, regan national, 79 degrees, 79, 66 frederick, 63 winchester, 71 at the naval air station your forecast today more clouds and sun showers this afternoon generally speaking a dry day with a high temperature of 91 degrees still looking at a lot of heat around here on friday, on time traffic and julie. >> travelling along new york avenue at montana we had problem with the signal lights lanes are open once
: prince william outmatches his bride on their first official overseas trip since the big we hadding in april. this after the two teamed one local athletes in a friendly boat race just off prince edward island in canada. his royal highness was in the center of his team's boat rowing. the duchess of cambridge sat in the back it steer her team's vessel. william's team won but the prince consoled kate with a hug. the couple watched a band perform earlier in the day. prince william landed his military helicopter there. he pulled it off without a hitch. the water landing was his first attempt. as kate greeted fans in quebec city, one fan wished her well in starting a family. kate has not spoken publicly about having children but she was overheard saying yes, i hope to. >> there is plenty ahead. fox 5 morning news starts right now. it was just a little while ago that there was a big celebration in d.c. skies were lit up with the spectacular fireworks display. good morning. i'm wisdom martin. welcome to fox 5 morning news. time now to check in with tucker barnes. great call on the forecast
to remain. a big ridge of high pressure in control there and the drought will continue to worsen. it's not just the heat, it's also the storms. usually the big area of high pressure like you see on the map, you get storms to the north and east side of it. we'll see severe weather in the northeast and the coast guard still looking for two missing boaters out of chicago. they had gusts over 60 miles an hour in a storm and they overturned some of the boats in the water. back to you. >> heat still dangerous across the country in many places. >>> casey anthony has been a free woman for almost 35 hours, but where did she go and who is helping her as she transitions back into society? kerry sanders has the latest details shortly on that. >>> treasury secretary tim geithner speaking this morning that this morning specific items regarding the debt deal. one of the options that senators harry reid and mitch mcconnell or working on raising the debt ceiling in exchange for $1.5 trillion in cuts over ten years. this would also create a new congressional panel that would study ways to reduce the d
economic soundness to this country. that take as big deal. a lot of pain. democrats are upset the president talked about pain on their side of the ail and republicans are saying no way will we give tax relief to middle income americans. they want to continue tax relief to the wealthy. everyone agrees a number around $4 trillion will make a serious debt on our deficit. it will send a statement to the world that the u.s. has gotten ahold of their fiscal problems and they are moving forward. it will give confidence to the american people that we can move forward to bring economic soundness. that's the president's commitment. >> 6:00 on the east coast. welcome to "morning joe." look at that nice live look at times square. joe is looking spify today. he went shopping. it is monday, july 11th. >> i don't know what that means. >> we have msnbc -- well, yes. this is unusual. we have msnbc contributor mike barnicle, john heilemann. what's so funny? >> yeah, what's so funny? i don't get it. he's back. >> we can't get him to leave. we have "morning joe" economic analyst steve rattner and in washington
:it's an empty lot with big plans, the proposed stadium in santa clara, it's supposed to break ground next year costing hundreds of millions of dollars and while the funding isn't secured, plans are being made for the land across the street. plans welcome as big as the man behind him. joe montana, he wants to build a complex including hotel, sports bar and restaurant. >> the proposal looks good and it's going to be up to the counsel to decide how we negotiate. >> reporter:he wasn't available to speak with us today, he was expected at the meeting on tuesday to ask that the city negotiate only with his group for the next year and a half. >> in the normal course of things, the city would put out a request for proposals with and entertain whatever comes back to us. >> reporter:now the counsel is considering swerving that norm. >> he's joe montana, pretty much. >> reporter:it's not a bad idea. >> joe montana can probably just by name bring jobs and revenue to the bay area. >> i think he certainly should have first shot. he's done a lot for the community. i think he has class and style and he'll brin
and really just ready for a big, big concert. matt? >> i tell you, al, this represents this morning, the motorcade had to actually move these people out of the way. anyway, we'll get back to you in a couple of minutes. >>> meanwhile, there has been a major development in the ongoing budget negotiations. president obama suspended the talks for the today. we'll tell you why and we'll talk to one of the senators who has been inside the negotiating room all week long. >> that's right. and also casey anthony is going to be released this sunday. and -- from prison. authorities are becoming increasingly concerned for her safety and we're live at the jail this morning with details on that story. >>> remember the photo we showed you earlier this week of that massive 18-foot long crocodile, the saltwater croc? a lot of people thought this was a doctor'd photograph. you can believe it's real. we went in search of that beast and we found him. >>> let's begin with that breaking news over night in boston where two delta planes collided. nbc's tom costello covers aviation for us in washington. goo
fitsity still. there's no legislative language. it looks like what could be a pretty big tax increase. the spending cuts i think are highly uncertain. it instructs the various committees of the senate and the house to come up with these spending cuts. we have no assurance that they will do that. we have no idea how they'll do that. then we asked the senate to vote on that. all of which suggests to me there are a number of ways in which this could fall apart. i give these guys all the credit in the world for really struggling and trying to make some progress on a tough issue. there's no assurance that it results in an outcome. if we can't agree on spending cuts now, why should we suppose at the end of this process which after all has been available to us for two years the senate won't even pass a budget, why we think that this will result in real spending cuts is not clear to me. >> the other dynamic here is the mcconnell-reid proposal. that is going to get to the floor at some point. now the idea of being that the gang of six proposal is too late to be scored by cbo to really be put i
after trying to make a jailhouse visit? ♪ >> and a big turnaround for the music industry. how artists like lady gaga played a big role in the recovery. >>> good morning. i'm alex witt. welcome to msnbc saturday. first we go to the legacy of betty ford. the former first lady completely changed the way americans talk about addiction, breast cancer, and other tough issues that people used to deal with in silence. mrs. ford died last night at the age of 93, and she said she was an ordinary woman called on stage at an extraordinary time. nbc's brian williams has more. ♪ >> reporter: we got to know her all over again during the week of mourning for president gerald ford, her strength and dignity still intact 30 years after leaving the white house. >> i was an ordinary woman called on stage at an extraordinary time. >> the president's first and our first lady, betty ford. >> reporter: elizabeth bloomer ford, never expected to be anything other than a congressman's wife. >> his wife, betty ford. >> reporter: but she became first lady the day richard nixon resigned. it was, she later said, t
on this straight ahead. but first, did you hear the other big news? senator coburn is back. he just reuped with the gang of six. he ditched them in may. now he's back. hours ago the gang announced a new debt plan. here's the hitch, yesterday senator coburn unveiled his own plan and then there's senate minority leader mcconnell's plan. which one of these plans is a sure fix? we asked senator coburn. yesterday the headlines why you had -- were you had a nine trillion plan. today you rejoined the gang of six. if you -- can you tell me the difference between the two plans? >> 5.3 trillion. >> greta: i knew i was in trouble. >> one fixes our complete problem. one gets us out of truck as a country the other moves news the -- out of trouble as a country. the other moves us in the direction. if you want us to borrow at the best rates of anybody in the world and put our economy back where it needs to be, with vibrant job creating economy. then you would do this nine trillion dollars. that gets us out of the risk of default. gets it back growing. solves the problems. takes await shackles we've put o
on that in just a moment. i wish i could say there's big news about the debt ceiling talks. i can't tell you that. there's more drama than dealing going on in d.c. right now. a fifth round of talks is set for today. but yesterday didn't go so well. house republicans called for a short-term extension and house majority leader eric cantor says this is what the president said in response. quote, don't call my bluff, eric. and then he walked out a few minutes later. president obama said all along he'd veto any short-term measure. ed administration says failure to raise the $14.3 trillion debt ceiling by august 2nd could trigger a partial default on the part of the united states. thanks to that debt ceiling issue and the possibility of default you're on notice. i'm on notice. everyone from maine to san diego is on in. moody's investor services, the debt rating agency plans to review the nation's aaa bond rating and might downgrade it from stable to negative. standard & poors has the u.s. bond rating under review. let's talk about foreclosures for a second. realty track, the company that tracks the for
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